St. Paul daily globe., 1887-10-14
THE COMMERCIAL RECORD
The Dealing in Wheat Was Light Yes
terday on the Chicago Board
of Trade.
Receipts In the Northwest We're
Smaller and the Exports Were
Some Larger.
Transactions in the Financial Circles
OF Wall Street.-The General
Quotations.
Snecial 10 the Globe

CHICAGO. Oct. 13.-The wheat market wal
lowed in the slough of despond during the
entire forenoon. Fluctuations were within
range of A@ssc ana very little business
was done in the pit except by the scalpers,
and their operations were necessarily re-
stricted by the narrowness of the market.
November ranged at 70s4@71c, December
T2A@12l2e, and May 7T12@77ssc low and
rise high. Shippers reported fair inquiry
for wheat, and they also reported that they
were finding it almost impossible TO ill
orders, nearly all of the good
grain being locked up and helu off
the market. They cannot find 10 Il
certainly where the receipts have lodged. but
there is moral certainty that it is held by the
elevator interest for storage. If wheat could
be had the outward movement would I'M
questionably be larger. Duluth wires that
100000 bushels will be shipped from that
point between now and the close of the
month.
Corn is duh speculating but there is more
than average activity in the cash market.
Receipts are liberal. Estimates for to day
are 435 ears. Western roads aIe shading
rates and the receipts are therefore. not as
likely to decrease as the trade had been led
10 expect Hutchinson was buying corn to-day
in a moderate way. But for his presence in
though the shipping demand would probably
prevent a serious decline unless il should
come suddenly. The range to-day was l4Q
Ssc, and closings do not make any change
from yesterday. Oats were quiet aud feat
urelesS. The provision deal is an enigma.
Little business is being done, and spectators
are at a loss how TO proceed. Packers are
trading sparingly and refraining as
far as possible from committing them
selves. The market remains fairly
steady, though the tone cannot be
described as particularly firm Lake engage
ments were reported for 500, 900 bushels of
corn only. At the afternoon session there
was very little interest except in wheat,
and prices generally were unchanged.
Prices, wheat, Oct. 69s4c, Nov. 7O7sc, Dec
72sse, May 77ss@77s4c. Corn. Oct. 41sac,
Nov. 415sc, Dec. 41A@41Ssc, Jan. 4llsc,
May 44A@447sc. Oats, Oct. 26, Nov.
257s@26c, May 295s029a4c. Pork, Jan.
S12.25@1 2.27l2c. Lard, Oct $3.50, Nov.
S6.25, Dee. S627L2, Jan. S6.32le@6.35
Short ribs, Oct. $40, Jan. $500,
THE ROUTINE REPORT.
CHICAGO, Oct. 13.-Wheat trading to-day
was light and generally dull, but steady.
Later the market became stronger under fair
buying. Influenced by rumor that freight
engagements had been made at Duluth to
move out 100000 bu of wheat. The re-
i.
the exports from three seabord ports were
larger, aggregating 167. 900 bu. These feat
llres, together with the freight engagements
for 10000 bu here yesterday, attracted
some attention. The quality of wheat arriv-
ing shows no Improvement, out of So cars
inspected into store only grading No. =,
and of these five were old wheat. The clos
ing was about the same as yesterday. De-
T23sc. May sold at 77l2@771sc. and closed
at 5sc. III corn dull, steady feeling pre-
vailed, with trading limited and confined to
local operators. No new outside features
was governed entirely by local influences.
Receipts were less than anticipated. and esti-
mated for tomorrow somewhat larger II
was reported that one of the western roads
had reduced freights sc per 100 on corn
from Iowa. Demand for the better grades
fair, while the lower grades were in good de-
mand and prices without special change.
There were $4,000 bu inspected
made to-day for Or $1,000 bu'
Oats were in coed shipping demand. The
arrivals were not large. and the sample mar
ket exhibited good deal of strength On
The regular market trade which is specula-
tive mainly, was quite small. Prices, not
wlthstanding this fact ruled without mate
rial change from yesterday S quotations. Pro-
visions were slow and prices without change
of Importance. Receipts of hogs were larger
and prices lower. This had a weakening
effect on holders of produce and induced
recorded Oh lard and short RIBS. Mess pork
received more attention, and advanced a
shade. Light sales Of short ribs were made,
January selling at ST.. 5.15@6.22l2.
THE QUOTATIONS.
The leading futures ranged follows:
Wheat-No. 2 October, opened at 695sc,
closing at 69S4c; November, 7034 closing at
T07sc; December, 724c, closing at 72$sc;
January. 12S4c, closing at 72ssc Corn-No.
.. October opened at 1lI2c, closing at 4l5sc:
November, l2c. closing at 4lSsc: Dccem-
Der, Ais, closing at 4114c; May. 445sc, clos
ing at 44s4c. Oats-No. October opened at
26c; November, 257sc closing at % sc; Nav.
29S4c closing at 29@sc. Mess Pork per
at S12.25. Lard, Per 100 Ibs-0ctober
opened at S6.27l2, closing at $3.50; No
yember. S6.25, closing at S6.25; December.
S6.23, closing at S6.25: January, Sc 32Ia,
closing at S6.35. Short ribs per 100 lbs
october opened "a at % s7o5 closing at
Cash quotations were as follows: Flour
Dull and unchanged. Wheat-No . spring.
G9l2M 69s4c; No. 3 spring, 65c; No. . red, |
62@ .2Ae; Corn-No. = 4ll2c bid. 0ats-No. |
timothy seed, 1924; mess pork, per bbI, |
Sl3.50@14 lard per 100 lbs. So. 32I2; short
ribs, sides, Qoosc) 81; dry salted shoulders, |
boxed S5.G0@5.70; short clear sides. |
tho1ed s. 40@7.45. Mhisky--Distillers fin |
65sG6s4c; granulated, 6Ac: standard a
57sc Receipts-Flour. IS, 600 bbls. wheat. |
$4,000 bu.; corn, % 200 bu.; oats, 16 / ,OOO |
bu.; rye. 5000 bu.; barley, $4,000 bu. Ship !
ments-Flour, 900 bbls.; wheat, 81 900 |
bu. corn, ol5. 900 bu.; oats, 253, 900 bu:
rye. $4,000 bu.; barley, $4,000 bu. On the |
produce exchange to-day the butter market |
was dull creamery, 1SI2@26c: dairy l6M |
22e, Eggs unchanged: fresh, 17l2@1sc.
- Az hc,a,1@1r go,